Can I retire at age 30 with 1,540,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $1,540,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$127,172$126,039$124,934$123,855$122,802$118,586
2 years$62,956$61,784$60,647$59,546$58,477$54,273
3 years$41,554$40,376$39,243$38,152$37,100$33,040
4 years$30,855$29,681$28,559$27,486$26,460$22,574
5 years$24,437$23,270$22,163$21,112$20,115$16,413
6 years$20,160$19,002$17,911$16,883$15,916$12,402
7 years$17,106$15,958$14,884$13,881$12,944$9,617
8 years$14,817$13,679$12,623$11,644$10,738$7,596
9 years$13,037$11,910$10,872$9,918$9,043$6,081
10 years$11,614$10,498$9,478$8,550$7,705$4,919
11 years$10,451$9,346$8,345$7,441$6,627$4,011
12 years$9,482$8,388$7,406$6,527$5,743$3,291
13 years$8,663$7,580$6,617$5,762$5,008$2,713
14 years$7,961$6,890$5,945$5,115$4,390$2,246
15 years$7,354$6,295$5,368$4,562$3,865$1,866
16 years$6,823$5,775$4,866$4,084$3,416$1,554
17 years$6,355$5,319$4,428$3,670$3,029$1,297
18 years$5,939$4,915$4,042$3,307$2,693$1,085
19 years$5,568$4,555$3,701$2,988$2,400$908
20 years$5,234$4,233$3,396$2,707$2,144$761
21 years$4,932$3,943$3,124$2,456$1,919$639
22 years$4,658$3,680$2,879$2,233$1,720$537
23 years$4,409$3,442$2,658$2,034$1,544$451
24 years$4,180$3,225$2,459$1,855$1,388$380
25 years$3,970$3,026$2,277$1,694$1,249$320
26 years$3,777$2,844$2,112$1,549$1,125$269
27 years$3,598$2,677$1,961$1,418$1,014$227
28 years$3,432$2,522$1,823$1,299$915$191
29 years$3,278$2,380$1,697$1,191$826$161
30 years$3,135$2,247$1,580$1,093$747$136
31 years$3,001$2,124$1,473$1,004$675$114
32 years$2,875$2,010$1,375$923$611$96
33 years$2,758$1,904$1,283$849$553$81
34 years$2,648$1,804$1,199$781$500$69
35 years$2,544$1,711$1,121$719$453$58
36 years$2,446$1,624$1,049$662$411$49
37 years$2,354$1,543$982$610$372$41
38 years$2,266$1,466$919$562$337$35
39 years$2,184$1,394$861$518$306$29
40 years$2,105$1,326$807$478$277$25
41 years$2,031$1,263$757$441$252$21
42 years$1,961$1,202$710$407$228$18
43 years$1,894$1,146$666$376$207$15
44 years$1,830$1,092$625$347$188$13
45 years$1,769$1,041$587$320$171$11
46 years$1,711$993$552$296$155$9
47 years$1,656$948$518$273$141$8
48 years$1,603$905$487$253$128$6
49 years$1,552$864$458$234$116$5
50 years$1,504$826$430$216$106$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $1,540,000, adding $4,345 every year, while hoping to spend $32,752 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 68/9/23 Blend
29$1,540,000$1,540,000$1,540,000$1,540,000
30$1,701,562$1,619,942$1,596,072$1,807,050
31$1,840,273$1,664,471$1,614,692$1,922,830
32$1,992,036$1,710,085$1,632,839$2,045,264
33$2,158,145$1,756,801$1,650,461$2,178,431
34$2,340,030$1,804,638$1,667,506$2,323,392
35$2,539,263$1,853,615$1,683,917$2,481,312
36$2,757,574$1,903,749$1,699,635$2,653,476
37$2,996,872$1,955,058$1,714,597$2,841,301
38$3,259,256$2,007,558$1,728,739$3,046,347
39$3,547,038$2,061,267$1,741,991$3,270,332
40$3,862,768$2,116,201$1,754,279$3,515,149
41$4,209,252$2,172,376$1,765,529$3,782,885
42$4,589,579$2,229,806$1,775,658$4,075,839
43$5,007,156$2,288,507$1,784,582$4,396,544
44$5,465,734$2,348,491$1,792,213$4,747,790
45$5,969,443$2,409,772$1,798,457$5,132,654
46$6,522,836$2,472,361$1,803,215$5,554,522
47$7,130,928$2,536,268$1,806,385$6,017,131
48$7,799,241$2,601,505$1,807,858$6,524,595
49$8,533,863$2,668,078$1,807,520$7,081,447
50$9,341,498$2,735,994$1,805,253$7,692,686
51$10,229,533$2,805,260$1,800,931$8,363,817
52$11,206,106$2,875,879$1,794,424$9,100,909
53$12,280,185$2,947,852$1,785,592$9,910,647
54$13,461,647$3,021,181$1,774,293$10,800,402
55$14,761,379$3,095,862$1,760,376$11,778,294
56$16,191,373$3,171,893$1,743,681$12,853,272
57$17,764,842$3,249,265$1,724,044$14,035,198
58$19,496,347$3,327,969$1,701,290$15,334,941
59$21,401,929$3,407,995$1,675,238$16,764,477
60$23,499,264$3,489,325$1,645,698$18,337,006
61$25,807,830$3,571,943$1,612,469$20,067,074
62$28,349,086$3,655,825$1,575,344$21,970,710
63$31,146,679$3,740,947$1,534,104$24,065,582
64$34,226,665$3,827,278$1,488,521$26,371,157
65$37,617,754$3,914,784$1,438,357$28,908,890
66$41,351,584$4,003,428$1,383,361$31,702,425
67$45,463,015$4,093,165$1,323,272$34,777,820
68$49,990,459$4,183,946$1,257,818$38,163,791
69$54,976,244$4,275,718$1,186,713$41,891,983
70$60,467,012$4,368,419$1,109,659$45,997,271
71$66,514,158$4,461,983$1,026,344$50,518,089
72$73,174,318$4,556,336$936,443$55,496,794
73$80,509,900$4,651,398$839,615$60,980,063
74$88,589,673$4,747,079$735,505$67,019,336
75$97,489,417$4,843,283$623,742$73,671,304
76$107,292,638$4,939,905$503,938$80,998,440
77$118,091,356$5,036,829$375,688$89,069,593
78$129,986,971$5,133,931$238,571$97,960,638
79$143,091,224$5,231,075$92,145$107,755,190
80$157,527,246$5,328,115$0$118,545,397
81$173,430,725$5,424,892$0$130,448,544
82$190,951,184$5,521,237$0$143,585,962
83$210,253,390$5,616,963$0$158,058,467
84$231,518,915$5,711,874$0$174,002,101
85$254,947,844$5,805,755$0$191,566,779
86$280,760,664$5,898,377$0$210,917,703
87$309,200,348$5,989,494$0$232,236,923
88$340,534,647$6,078,842$0$255,725,054
89$375,058,613$6,166,137$0$281,603,170
90$413,097,391$6,251,077$0$310,114,892
91$455,009,282$6,333,338$0$341,528,684
92$501,189,129$6,412,572$0$376,140,392
93$552,072,041$6,488,408$0$414,276,033
94$608,137,501$6,560,452$0$456,294,875
95$669,913,892$6,628,280$0$502,592,825
96$737,983,486$6,691,443$0$553,606,171
97$812,987,937$6,749,459$0$609,815,696
98$895,634,341$6,801,817$0$671,751,221
99$986,701,911$6,847,973$0$739,996,602
100$1,087,049,327$6,887,345$0$815,195,246